The rising costs of homeownership are having some unexpected effects.
In June, The Dallas Express reported that the costs of owning and maintaining a home have risen substantially in recent years. The average annual cost of upkeep for a single-family home in the U.S. is 26% higher now than in 2020, per a study by Bankrate. Home insurance rates have also skyrocketed.
According to a recent CNN poll, more than half of Americans have lost hope of ever owning a home, and they have good reason to feel that way.
In the last four years, the national median price for a single-family home has increased from $280,700 to $393,500, according to the National Association of Realtors, per the Bankrate study. Home prices are expected to soar even higher by year’s end when mortgage rates are anticipated to drop to about 6.3%. The average mortgage rate currently sits at 7.04%, per Fund.com, substantially higher than the all-time low of 2.65% set in January 2021. […]
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It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.